Accord Mortgages is set to reduce its residential mortgage range by up to 0.32% – the third time the lender has improved its range in recent weeks.
Rates will be cut across varying loan-to-values (LTVs) starting from 60%, where a 5-year fixed rate mortgage will now cost 5.29% (was 5.52%), which is available for house purchase and comes with £495 fee, £500 cashback and free standard valuation.
The intermediary-only lending is making the biggest cut to its Deposit Unlock range with a fee-free 5-year fixed rate of 6.10% (was 6.42%) now available on new-build purchases up to 95% LTV. This comes with free standard valuation and £250 cashback. Those willing to pay a £495 fee can benefit from a lower rate of 6.04% (was 6.32%) which is also available with the same additional features.
Gemma Hyland, mortgage manager at Accord Mortgages, said: “We’re really pleased the market is showing such positive signs of improvement which is enabling us to make these types of changes in quick succession.
“There are improvements for a variety of different clients with this new range, but with the end of Help to Buy looming we’re sure improving our Deposit Unlock options will give brokers more welcome choice for new-build buyers.”
Standard Variable Rate (SVR) discounted products have also been reduced by up to 0.30%.
